Congressman's hot quote on jobs and the economy

2010-10-08T18:03:59Z2010-10-08T18:03:59Z

Released by the office of Congressman Jeb Hensarling

DALLAS, TEXAS - Congressman Jeb Hensarling, the second ranking Republican on the House Budget Committee and a member of the National Commission on Fiscal Responsibility and Reform, released the following statement in reaction to today's jobs report:

"Despite the recession being declared ‘officially' over, today's jobs report showing the unemployment rate mired at a near double-digit level confirms that for many Americans the recession continues."

The Department of Labor announced today that the unemployment rate for September was 9.6%, and 95,000 Americans lost jobs. This marks the 17th straight month that the unemployment rate has been above 9%.

"The Obama Administration and Congressional Democrats have attempted to spend, borrow, and bailout our way to economic prosperity. What do the American people have to show for it? Instead of sustained job creation, the American people have gotten sustained growth in the federal debt.

Our economy is not suffering from a capital crisis; it is suffering from a confidence crisis. According to the Federal Reserve, there is almost $2 trillion in capital sitting on the sidelines that could be used to create jobs and economic growth. I've talked to Fortune 50 CEO's in Dallas and Main Street small business owners in Mineola, TX, and they've all told me that policies created in Washington, such as failure to deal with the impending tax increases at the end of the year, the new health care law, a threatened national energy tax, and the Dodd-Frank permanent bailout bill, have made job creators uncertain about the future and hesitant to invest in expanding their businesses and hiring employees. I have no doubt that if we remove the uncertainty in the economy that our economy will come roaring back."

Bullard is ready to compete for a playoff spot in the District of Doom.

Once again, we are giving you two Red Zone rundowns for the price of one. Just like in Lindale, the Bullard players are learning a new head coach during fall camp. East Texas native Scott Callaway is now in charge of the Panthers program.

Once again, we are giving you two Red Zone rundowns for the price of one. Just like in Lindale, the Bullard players are learning a new head coach during fall camp. East Texas native Scott Callaway is now in charge of the Panthers program.

With the smallest enrollment in District 17-5A, and really across the entire classification, Lindale could use that as an excuse for a sub-par season. But under defensive coordinator, turned head coach Chris Cochran, that won't be the case.

With the smallest enrollment in District 17-5A, and really across the entire classification, Lindale could use that as an excuse for a sub-par season. But under defensive coordinator, turned head coach Chris Cochran, that won't be the case.

"A lot of people thought tonight was about peaceful protesters countering something," event speaker DG Montalvo said. "But it wasn't. It was about getting together and encouraging each other without ideology."

"A lot of people thought tonight was about peaceful protesters countering something," event speaker DG Montalvo said. "But it wasn't. It was about getting together and encouraging each other without ideology."